Topic: [NO ICO] First TOKEN MINTING EVENT on the MELON PROTOCOL - page 10. (Read 1689 times)
When will ICO start?
1. The purpose of the token:
Midas Technologies AG intends to use the net proceeds raised in the TGE to develop and market the Midas app in a global scale. Since the app is a community-driven project we deem it most beneficial to address a broad base of investors that have a long-term interest in the product and will be users of the app themselves. MDS thereby is supposed to share the value of the project with investors and pay them value back in a long-term perspective. If the platform scales then the rewards granted to investors scale accordingly.
2. Why we chose to give out a security:
From the beginning we were struck by the idea to create a kind of tokenized share that would pay back value of Midas to its initial investors. Early on we started to work together with excellent legal advisors to find a way to make this legally possible. However, we did not just want to create tokenized stocks of Midas Technologies AG but rather give a share of the technology that we develop. We were looking very sceptically at all the projects that design an unneccessary token economy within their platform just to able to create a utility token. We did not want to confront our users with such an actually unnecesary token. So we decided to tokenize value right to our technology. It was the more difficult way due to worldwide unclear regulation regarding securities, but being based in Switzerland, we think that we found a very good solution for us and our investors that will help Midas to become a success and brings long-term value to its supporters.
Midas Technologies AG intends to use the net proceeds raised in the TGE to develop and market the Midas app in a global scale. Since the app is a community-driven project we deem it most beneficial to address a broad base of investors that have a long-term interest in the product and will be users of the app themselves. MDS thereby is supposed to share the value of the project with investors and pay them value back in a long-term perspective. If the platform scales then the rewards granted to investors scale accordingly.
2. Why we chose to give out a security:
From the beginning we were struck by the idea to create a kind of tokenized share that would pay back value of Midas to its initial investors. Early on we started to work together with excellent legal advisors to find a way to make this legally possible. However, we did not just want to create tokenized stocks of Midas Technologies AG but rather give a share of the technology that we develop. We were looking very sceptically at all the projects that design an unneccessary token economy within their platform just to able to create a utility token. We did not want to confront our users with such an actually unnecesary token. So we decided to tokenize value right to our technology. It was the more difficult way due to worldwide unclear regulation regarding securities, but being based in Switzerland, we think that we found a very good solution for us and our investors that will help Midas to become a success and brings long-term value to its supporters.
Another 2 questions: What is the exact purpose of your token? And why did you choose to give out a security token?
Idea sounds great. With further maturing of the crypto ecosystem, such a project is needed!
Some Video material of our latest presentation of Midas at the Crypto Assets Conference in Frankfurt.
Konstantin Trott explains crypto collectibles as new asset class and how Midas is the gateway to a new world of retail assets!
Konstantin Trott explains crypto collectibles as new asset class and how Midas is the gateway to a new world of retail assets!
thank you! 
Finally an application that builds on Melon!
You say you offer prediction markets? How?
You say you offer prediction markets? How?
As a modular platform Midas is able to integrate any business that provides tokens.
For prediction markets we currently plan to integrate Gnosis
This allows or users to buy, sell and hold positions within prediction markets about any thinkable topic.
With the endless variety of fields that can be covered with prediction markets, they represent an asset
class that is not only relevant for financial experts but everybody with superior knowledge and the will to invest in it.
More info you can find in our Concept Paper
thanks, i'll definetly take a deeper look! Good luck to you guys!
Hello,
Midas has been listed on TrackICO (link: https://www.trackico.io/ico/midas/).
Feel free to contact us via https://www.trackico.io/contact/ if you have any questions.
Midas has been listed on TrackICO (link: https://www.trackico.io/ico/midas/).
Feel free to contact us via https://www.trackico.io/contact/ if you have any questions.
Thanks for listing us
Hello,
Midas has been listed on TrackICO (link: https://www.trackico.io/ico/midas/).
Feel free to contact us via https://www.trackico.io/contact/ if you have any questions.
Midas has been listed on TrackICO (link: https://www.trackico.io/ico/midas/).
Feel free to contact us via https://www.trackico.io/contact/ if you have any questions.
Finally an application that builds on Melon!
You say you offer prediction markets? How?
You say you offer prediction markets? How?
As a modular platform Midas is able to integrate any business that provides tokens.
For prediction markets we currently plan to integrate Gnosis
This allows or users to buy, sell and hold positions within prediction markets about any thinkable topic.
With the endless variety of fields that can be covered with prediction markets, they represent an asset
class that is not only relevant for financial experts but everybody with superior knowledge and the will to invest in it.
More info you can find in our Concept Paper
Wouh, this sounds promising! I'm thinking about legal implications but first: Why Gnosis and not Augur?
We are generally not restricting access to the platform as long as our quality standards are met. Why in this particular case we decided to look in to Gnosis first, you can find here: https://medium.com/midas-app/the-tokenizers-2-prediction-markets-5ba2bb99475f
As said before, Midas is able to integrate any business that provides a tokenized product. Before a business is able to offer its products it has to go through a business verification process.
Finally an application that builds on Melon!
You say you offer prediction markets? How?
You say you offer prediction markets? How?
As a modular platform Midas is able to integrate any business that provides tokens.
For prediction markets we currently plan to integrate Gnosis
This allows or users to buy, sell and hold positions within prediction markets about any thinkable topic.
With the endless variety of fields that can be covered with prediction markets, they represent an asset
class that is not only relevant for financial experts but everybody with superior knowledge and the will to invest in it.
More info you can find in our Concept Paper
Wouh, this sounds promising! I'm thinking about legal implications but first: Why Gnosis and not Augur?
Looks like an interesting project, I'll be checking it out!
Welcome! Nice to hear!
Looks like an interesting project, I'll be checking it out!
Finally an application that builds on Melon!
You say you offer prediction markets? How?
You say you offer prediction markets? How?
As a modular platform Midas is able to integrate any business that provides tokens.
For prediction markets we currently plan to integrate Gnosis
This allows or users to buy, sell and hold positions within prediction markets about any thinkable topic.
With the endless variety of fields that can be covered with prediction markets, they represent an asset
class that is not only relevant for financial experts but everybody with superior knowledge and the will to invest in it.
More info you can find in our Concept Paper
Finally an application that builds on Melon!
You say you offer prediction markets? How?
You say you offer prediction markets? How?
Posting a comment for others to read and contemplate.
3.) Internet currencies will bypass the monopoly on currency distribution by Central Banks
3.) Internet currencies will bypass the monopoly on currency distribution by Central Banks
I agree that crypto assets are here to stay
we are currently looking into setting up a bounty campaign for some social media channels. Will share more info when closer to the TGE 
will there be a bounty campaign?
Jump to: